Citi's Downgraded Diageo Stock Target Signals Concern Over US Market and Currency Challenges
Monday, 10 June 2024, 05:42
Citi Analysts Lower Diageo Shares Target
Citi has revised its stock target for Diageo down, citing softer conditions in the US market and unfavorable forex dynamics. The adjustment comes as a response to the challenging business environment affecting the company's prospects.
US Market Softness and Forex Concerns
The decision to lower the target stems from the perceived impact of subdued conditions in the US market and currency volatility on Diageo's financial outlook, signaling potential difficulties ahead for the beverage giant.
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